news.cnet.com Archives - 08 May 2013, Wednesday

A Bitcoin exchange partnership designed to smooth the trading process and show the security of the virtual currency has apparently collapsed with a lawsuit. After struggling to crack the U.S. market, Mt. Gox, the world's largest Bitcoin exchange, announced in February that it had reac...

A Bitcoin exchange partnership designed to smooth the trading process and show the security of the virtual currency has apparently collapsed with a lawsuit. After struggling to crack the U.S. market, Mt. Gox, the world's largest Bitcoin exchange, announced in February that it had reac...

The interesting thing about Bitcoin isn't what it is today. What's interesting is that this experiment is turning into a serious proving ground for the idea of "crypto-currency," digitally created currency protected by powerful cryptography. Crypto-currency is traceable, more portable...

The interesting thing about Bitcoin isn't what it is today. What's interesting is that this experiment is turning into a serious proving ground for the idea of "crypto-currency," digitally created currency protected by powerful cryptography. Crypto-currency is traceable, more portable...

The interesting thing about Bitcoin isn't what it is today. What's interesting is that this experiment is turning into a serious proving ground for the idea of "crypto-currency," digitally created currency protected by powerful cryptography. Crypto-currency is traceable, more portable...

The recent Bitcoin rollercoaster ride has come to an end for one exchange. Bitcoin exchange BitFloor announced Wednesday it is closing its trading operations and plans to return its remaining funds to its users. The New York-based exchange, which specialized in trades of the digital p...

The recent Bitcoin rollercoaster ride has come to an end for one exchange. Bitcoin exchange BitFloor announced Wednesday it is closing its trading operations and plans to return its remaining funds to its users. The New York-based exchange, which specialized in trades of the digital p...

Please don't eat me! (Credit: CC BY 2.0, Keng Lye ) It looks like a fish swimming in a bowl, or a serving of living octopus in its own salt water, but the photorealistic works of Singapore-based artist Keng Lye are not even sculptures, but paintings. He uses a technique developed by J...

Less than two hours after resuming Bitcoin trades following a lengthy suspension, currency exchange Mt. Gox is offline, the apparent victim of a distributed-denial-of-service attack. "We are experiencing a stronger than usual DDoS," the Tokyo-based exchange said in a Google+ post. "We...

Update at 6:15 a.m. PT Friday: Bitcoin's tumble continued after trading resumed. As of now, the digital currency is trading at $69. Less than two hours after the resumption of Bitcoin trades following a lengthy suspension, currency exchange Mt. Gox is offline, the apparent victim of a...

Bitcoin experiences dramatic correction of 60 percent before slight recovery. (Click for larger image.) (Credit: Bitcoincharts.com ) After a meteoric run-up in the valuation of Bitcoin in the past month, the virtual currency suffered a dramatic correction today, losing more than 60 pe...

Bitcoin's value against the dollar is up 1,500 percent since January (click to see larger image). (Credit: Bitcoincharts.com ) Bitcoin got a boost of confidence of sorts today from a group of investors interested in creating a trading platform for the virtual currency phenom. The dece...

A helping hand for seniors? (Credit: Silverline Mobile) Here's a crowdfunding project with a twist: instead of pledging a certain amount to buy a new gadget for yourself, an underserved senior citizen will receive said product instead. The project in question is Silverline , which is ...

Bitcoin's value is up 500 percent in the past two months (click for larger image). (Credit: Bitcoincharts.com) The value of Bitcoin has been skyrocketing of late, gaining more than 50 percent in the last few days, but two unrelated events today knocked the virtual currency back down a...

Bitcoin's value is up nearly 350 percent in the past two months (click for larger image). (Credit: Bitcoincharts.com) Forget gold. The hot investment during this time of economic uncertainty in Europe appears to be Bitcoin. Earlier this month, the peer-to-peer virtual currency was tra...

Bitcoin's value is up nearly 350 percent in the past two months (click for larger image). (Credit: Bitcoincharts.com) Forget gold. The hot investment during this time of economic uncertainty in Europe appears to be Bitcoin. Earlier this month, the peer-to-peer virtual currency was tra...

The Bamboobee Revolution Nostalgic model. (Credit: Jacqueline Seng/CNET Asia) We've seen bamboo speakers , laptops , stylii, iPhone cases, and even a concept car . Next up: a bicycle. We have to be clear: This isn't a bike for cycling enthusiasts or speed demons (there's the Storck Ae...

For years, the U.S. intelligence community has warned that cyber attacks from China and other countries are the biggest threat to our national security. Now, some are wondering whether the death of an engineer from California could be linked to cyber espionage. In 2010, 29-year-old Sh...

For years, the U.S. intelligence community has warned that cyber attacks from China and other countries are the biggest threat to our national security. Now, some are wondering whether the death of an engineer from California could be linked to cyber espionage. In 2010, 29-year-old Sh...

For years, the U.S. intelligence community has warned that cyber attacks from China and other countries are the biggest threat to our national security. Now, some are wondering whether the death of an engineer from California could be linked to cyber espionage. In 2010, 29-year-old Sh...

For years, the U.S. intelligence community has warned that cyber attacks from China and other countries are the biggest threat to our national security. Now, some are wondering whether the death of an engineer from California could be linked to cyber espionage. In 2010, 29-year-old Sh...

The Bitcoin exchange rate against U.S. dollars for the past couple of years (clock for larger image). (Credit: Mt. Gox) Bitcoin has staged a dramatic comeback in the past two months, more than doubling its value against the dollar in that time and trading at record levels. The virtual...

The Bitcoin exchange rate against U.S. dollars for the past couple of years (clock for larger image). (Credit: Mt. Gox) Bitcoin has staged a dramatic comeback in the past two months, more than doubling its value against the dollar in that time and trading at record levels. The virtual...

The Bitcoin exchange rate against U.S. dollars for the past couple of years (clock for larger image). (Credit: Mt. Gox) Bitcoin has staged a dramatic comeback in the past two months, more than doubling its value against the dollar in that time and trading at record levels. The virtual...

The Bitcoin exchange rate against U.S. dollars for the past couple of years (clock for larger image). (Credit: Mt. Gox) Bitcoin has staged a dramatic comeback in the past two months, more than doubling its value against the dollar in that time and trading at record levels. The virtual...

Just charge it: Anthony Mutua's sneaker. (Credit: Video screenshot by Tim Hornyak/CNET) Love walking and texting? Still haven't done a faceplant on a streetlight? Well, this sneaker from Kenya can power your phone so you'll never have to look up from that screen again. Inventor Anthon...

Instagram said today that it has the perpetual right to sell users' photographs without payment or notification, a dramatic policy shift that quickly sparked a public outcry. The new intellectual property policy, which takes effect on January 16, comes three months after Facebook comp...

WordPress has announced it will begin accepting payment for upgrades via the controversial peer-to-peer currency Bitcoin, a move it promises will break down geographical and corporate boundaries. While the popular blogging platform is a free service, it does offer paid upgrades such a...